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Displaying blog entries 1811-1820 of 1998

Montgomery AL Real Estate Sales Statistics - May 2009

Friday, June 19, 2009
by The Hat Team
Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5.

Lawrence Yun, NAR chief economist, said buyers are responding to very favorable market conditions. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market,” he said. “Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.”

Let’s take a look at the May sales statistics to see how the Montgomery AL real estate market looks: 

Montgomery AL real estate sales statistics for May show pending sales increased by 2% in 2009 compared to May 2008. The average sales price decreased by 25% to $112,384 while sold listings were down 13% from 2008.  Market times showed a increase of 1 day or 1% from 2008.

 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

May 2009

42

33

87

$112,384

May 2008

41

38

86

$150,966

 

The decline in Midtown's average sales price reflects the continued absorption of many inexpensive foreclosure properties.  Investors in our market have decided now is the time to buy, and they are grabbing up the low-priced houses and rehabbing them for resale.

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit

HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

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Your Have Offer On Your Montgomery Home - Now What?

Friday, June 12, 2009
by The Hat Team

Many Montgomery home sellers look at the first offer on their home as just that, the First Offer with many more to come. You know what they say, ‘A bird in the hand is worth two in the bush.’ And in the current Buyers Market, offers are few and far between. Montgomery home sellers will want to consider the first offer very seriously. Here are reasons why:

 montgomery home, for sale

  • An early offer (if you're lucky!) doesn't necessarily mean buyers are lining up to follow suit. It could just mean that your home meets the needs or preferences of that one particular buyer who made the offer.
  • Your home will get the most interest from buyers just after it goes on the market. The longer it stays on the market, the more "desperate" buyers will think you are, prompting lower and lower offers.
  • Even if the first offer is thousands lower than your list price, consider carefully whether it might be enough -- in terms of price and contract terms -- before rejecting it out of hand. After all, the longer your home is on the market, the more it costs you in mortgage payments, taxes, insurance, upkeep and sheer inconvenience.
  • If the offered price and contract terms are less than ideal, start negotiations by making a counteroffer, being as flexible with the terms as possible. It isn't uncommon for buyers to offer a price below what they are truly willing to pay, sometimes much below, just to see if they can buy under market.

An offer indicates serious interest in your home -- don't underestimate that but don't take it for granted, either.

Thinking of selling your Montgomery home? We'll be happy to work with you to fine-tune your home's listing price so it fits our local market. We can also advise you on what would make your home more saleable at low cost to you. Most importantly, we can put our expertise to work for you when it comes time to negotiate with potential buyers. Learn more about us by visiting HatTeam.com.

 

Get the value of your Montgomery home.

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Invest In Your Nest - Why Buy Montgomery Home

Friday, June 5, 2009
by The Hat Team

Many consumers today are understandably worried about their nest egg. For many of them, however, their "nmontgomery homeest" is the best investment they can make. 

Not only does owning a Montgomery home help people build long-term wealth, but also it provides shelter and security for their families and fosters involvement in community life. In essence, homeownership is the cornerstone of a healthy community.   

U.S. Census Bureau data shows that Montgomery homeowners move less frequently than renters. This stability is important in creating strong foundations for both families and communities. 

A recent NAR research study shows that Montgomery homeowners are more likely to vote, volunteer time for civic events or participate in local crime prevention programs because they're invested in what happens in their neighborhoods. 

If you are considering buying a Montgomery home to build your nest, visit HatTeam.com or give me a call. I'm glad to guide you through the process. 

Search all Montgomery homes for sale.

 

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Montgomery Real Estate For Sale: 346 Conley Circle

Thursday, June 4, 2009
by The Hat Team

Montgomery Real Estate For Sale
346 conley
346 Conley Circle, Montgomery Al 36110

MLS 264945

Updated and clean as a pin! If you are a first time home buyer and are looking to take advantage of the 10% tax credit but are tired of seeing houses that need work or are tired and dated, look no more! This home located in the quiet neighborhood of Park Manor is move in ready with new paint, new carpet, new blinds, updated kitchen with new floor and new appliances, and an updated bathroom. This one even has a breakfast bar overlooking a nice sized den/bonus room off the kitchen. With a HUGE fenced back yard, the possibilities are endless. Jump on this one before someone else does!

Learn more about 346 Conley Circle and other Montgomery real estate at HatTeam.com.

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Montgomery Real Estate: 2160 Woodley Drive

Friday, May 29, 2009
by The Hat Team

Montgomery Real Estate:

2160 Woodley Drive, Montgomery AL 36111
MLS#264762

Want a country estate living right in the middle of Montgomery? This is the place! Situated on 1.2 lush private acres, this "estate" has it all. All your friends will envy invitations to dinner and back yard functions, hoping to relax on the huge 1,750 square foot deck with mammoth tree growing right out of the center, or lounge by the shady private inground pool. Kids? There is a "football field" sized lawn at the rear of the pool that has endless sports/play possibilities. Back to the main house, your gourmet will enjoy the awesome custom designed kitchen with professional 6 burner gas range, tons of granite counter space, and plenty of storage overlooking the oversized family room with volume ceilings and big fireplace. With 3 bedrooms and 3 full baths, you have your choice of an upstairs OR downstairs master bedroom...AND there is a separate full guest apartment out back for visiting guests or relatives (or use it as a fun pool-house, home office, and home gym like the current owners do!)

Call today to see these and all the other features of this truly unique Midtown Montgomery real estate! Learn more about 2160 Woodley Drive and other Montgomery real estate for sale by visiting HatTeam.com.

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Montgomery AL Foreclosure Statistics - April 2009

Friday, May 29, 2009
by The Hat Team

Montgomery AL foreclosure homes continued to rise during the first quarter of 2009 with 211 new Montgomery AL foreclosure filings in April compared to 201 filings in March, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and Home Price Index

Montgomery AL foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Montgomery AL Foreclosure Geographical Comparison

The Montgomery AL foreclosure rate is .06% lower than the National rate, but .10% higher than the state of Alabama's rate.

montgomery foreclosure

Montgomery AL Foreclosure Rate Month-By-Month

Montgomery AL pre-foreclosure activity for March and April is an indication that the foreclosure crisis in Montgomery AL is not over with many more Montgomery families in distress situations.

montgomery al foreclosure

Are you or someone you know behind on your mortgage payments and facing a Montgomery AL foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. Give us a call for a private consultation.

Get the value of your Montgomey AL home.

 

 

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Montgomery Homes For Sale: 1754 Wentworth Drive

Thursday, May 28, 2009
by The Hat Team

Montgomery Homes For Sale:

1754 Wentworth Drive, Montgomery AL 36106
MLS# 264754 

If you'd rather take a beating than have to move often, you'll love the flexible floorplan of this custom-built home. Two extra bedrooms downstairs allow you to have your children on the first floor with you while they're little. And when they're older, give them the upstairs with its two additional bedrooms plus a computer area. An inground pool with diving board and slide provides a focal point for family fun and the surrounding decorative iron fence provides peace of mind. You can see from the street that this is a lovely, traditional Southern home. And the interior won't disappoint because it offers you a big family room plus a living room that will stay extra-nice for special occasions. What's more, you'll never run out of storage here. Everywhere you turn there's a closet, and a bevy of real wood cabinets fill both the spacious kitchen and the laundry room. And perhaps best of all, moving in will be easy as pie because of all the brand-new upgrades including all new paint, carpet, vinyl and pool liner. And the seller has already done most repairs indicated on the home inspection you may review by clicking on the photo. So check it out and then make it your own!

Learn more aobut 1754 Wentworth Drive and other Montgomery homes for sale by visiting HatTeam.com.

 

Search all Montgomery homes for sale.

 

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Montgomery Homes For Sale: 3038 LeBron Road

Friday, May 22, 2009
by The Hat Team

Montgomery Homes For Sale:

3038 LeBron Road, Montgomery AL 36106
MLS# 264452

3038 Lebron

 

Don't miss this charming Cloverdale cottage that is oozing with architectural details. Tudor-esque arched front door opens to large living room with stone fireplace, window seat for reading or morning coffee, and unique windows that allow for privacy while letting in lots of light. Banquet sized dining room has antique French doors leading to a small side porch. If you like to cook and entertain, you will enjoy the updated kitchen that is open to the den/family room. Two well proportioned bedrooms plus a sunroom/bonus room that could swing as a third bedroom. Make sure you check out the patio area off the den and the private lush back yard.

 

Learn more aobut 3038 LeBron Road and other Montgomery homes for sale by visiting HatTeam.com.

 

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Montgomery AL Real Estate Sales Statistics - April 2009

Thursday, May 21, 2009
by The Hat Team

Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®

 

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and is 1.1 percent higher than March 2008 when it was 83.7.

Lawrence Yun, NAR chief economist, said it should take a few months for the market to gain momentum. “This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit, which increases buying power even more in areas where special programs allow buyers to use it as a downpayment,” he said. “We need several months of sustained growth to demonstrate a recovery in housing, which is necessary for the overall economy to turn around.”
 
Let’s take a look at the March sales statistics to see how the Montgomery AL real estate market looks: 

Montgomery AL real estate sales statistics for April show pending sales increased by 12% in 2009 compared to April 2008, the average sales price increased by 1% to $124,291 while sold listings were up 6% from 2008.  Market times showed a decrease of 2 days or 2% from 2008.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Apr 2009

59

34

94

$124,291

Apr 2008

52

32

96

$122,842

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Montgomery Homes For Sale: 929 Cloverdale Road

Thursday, May 21, 2009
by The Hat Team

Montgomery Homes For Sale:

929 Cloverdale Road, Montgomery AL 36106
MLS# 264372
 

Updated and move-in ready! This wonderful Old Cloverdale home boasts spacious rooms, high ceilings, and beautiful refurbished heart pine floors. Great kitchen with custom cabinets and granite countertops. There actually are 3 full bedrooms, but access for one is through another. Wide central hallway is big enough for kids to play in and has great built-in bookshelves. Floored attic space could easily be finished off for another HUGE bedroom and bath or bonus room. Out back you'll find a covered porch, terrace, and a deep private yard with mature trees and heirloom shrubs. Within walking distance to Cloverdale Park and just around the corner from Cloverdale's dining and entertainment district!

Learn more about 929 Cloverdale Road and other Montgomery homes for sale at HatTeam.com.

Search all Montgomery homes for sale.

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Displaying blog entries 1811-1820 of 1998

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